ABITIBI

Abitibi-Consolidated is a global leader in newsprint and commercial printing papers as well as a major producer of wood products, serving clients in some 70 countries from its 45 operating facilities.

Abitibi-Consolidated is the largest recycler of newspapers and magazines in North America, diverting annually approximately 1.9 million tonnes of waste paper from landfills. It also ranks first in Canada in terms of total certified woodlands. Abitibi-Consolidated shares are traded on the Toronto Stock Exchange (TSX: A) and on the New York Stock Exchange (NYSE: ABY).

Originally, Abitibi-Consolidated was formed by the merger of Abitibi-Price and Stone-Consolidated on May 29th, 1997. Both companies were premier, Canadian-based, forest product companies. Both were looking for an opportunity to become a global company. Both found an equal partner with which to grow. The deal was approved by over 99% of the companies' shareholders, creating the world's largest producer of newsprint and uncoated groundwood paper.

In 1998, Abitibi-Consolidated formed a joint-venture partnership with Norske Skog of Norway and Hansol Paper Co. of South Korea. The resulting partnership is the world's leading newsprint and groundwood paper company in the Asian-Pacific region.

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